BenQ Materials Correlations
| 8215 Stock | TWD 33.20 0.40 1.19% |
The current 90-days correlation between BenQ Materials Corp and United Microelectronics is 0.31 (i.e., Weak diversification). The correlation of BenQ Materials is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
BenQ Materials Correlation With Market
Significant diversification
The correlation between BenQ Materials Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BenQ Materials Corp and DJI in the same portfolio, assuming nothing else is changed.
BenQ |
The ability to find closely correlated positions to BenQ Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BenQ Materials when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BenQ Materials - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BenQ Materials Corp to buy it.
Moving together with BenQ Stock
| 0.82 | 1432 | Trk Corp | PairCorr |
| 0.63 | 2609 | Yang Ming Marine | PairCorr |
| 0.72 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.71 | 3545 | FocalTech Systems | PairCorr |
| 0.62 | 3211 | Dynapack International | PairCorr |
| 0.72 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.63 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.72 | 0050 | YuantaP shares Taiwan | PairCorr |
Moving against BenQ Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in BenQ Materials without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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BenQ Materials Corporate Management
Elected by the shareholders, the BenQ Materials' board of directors comprises two types of representatives: BenQ Materials inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BenQ. The board's role is to monitor BenQ Materials' management team and ensure that shareholders' interests are well served. BenQ Materials' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BenQ Materials' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gary Liu | G Mang | Profile | |
| L Yang | VP Suzhou | Profile | |
| James Wang | Company Sec | Profile | |
| ShengHsiang Wang | Chief Officer | Profile | |
| ZhienChi Chen | CEO Chairman | Profile |